Deep Dive

← Deep Dive24. Sept. · 40 Min.

Are We Sleepwalking into a Global Energy Catastrophe?

Are We Sleepwalking into a Global Energy Catastrophe?24. Sept.40 Min.

The largest drone attack ever launched on Moscow. That's how the city's mayor, Sergei Sobyanin, described Ukraine's overnight assault on Saturday, which left one of Russia's largest oil refineries in flames. Volodymyr Zelensky hailed it as a blow to the billions of petrodollars fuelling Russia's war machine.

Donald Trump was less jubilant. He reportedly rang his Ukrainian counterpart to urge him to stop hitting Russia's refineries. With the midterms six weeks away, the President is acutely aware that the world's energy supply is already under enormous strain.

The Strait of Hormuz remains in Iran's grip, Iran-backed Houthi rebels have overrun one of Saudi Arabia's last escape routes for its oil, and American diesel has hit a record $6.51 a gallon.

How bad could this get? Defence Editor Mark Nicol and financial journalist Simon Lambert join host Chris Pleasance to ask what it means for America's economy as voters head to the polls, what it means for your bills this winter, and whether there's any respite in sight.

Host: Chris Pleasance

Editor: Buddy Peace

Executive Producer: Joseph Luke Palmer

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